Coal, Natural Gas Stockpiles Dive Amid Cold Weather

It’s old news by now that the exceptionally cold winter put a damper on revenues across a number of industries, but it also increased demand for natural gas, leaving US reserves at the lowest point in a decade, far below the seasonal average. As utilities replenish their reserves ahead of next winter, supplies will be tight and demand for thermal coal should get a boost. Natural Gas storage less than half the five year average The demand for heating over the winter drew down natural gas storage to 981 billion cubic feet (Bcf) last week, less than half the five-year…